Korea’s Eurasia Initiative and the Development of Russia’s Far East and Siberia

  • Jae-Young Lee
Chapter
Part of the International Political Economy Series book series (IPES)

Abstract

The relative political and economic profile of Eurasia on the international stage has risen as it continues to emerge with increasing importance, garnering much attention and interest worldwide. It is of paramount importance for the Korean government to create and enlarge “room for growth” to the north of the Korean Peninsula in order to ensure the sustainable growth of the Korean economy in the future. Therefore, in addition to improving relations with North Korea, South Korea needs to strengthen its cooperation with the Russian Far East, Siberia, Mongolia, Central Asia, and the states on the Eurasian Continent, thus pursuing two-track development on sea and land simultaneously. South Korea has developed its Eurasia Initiative, which involves the reinforcement of economic ties with other states in the region under a new paradigm for international economic cooperation. This study delineates the key features of an appropriate strategy for Korea’s cooperation with Eurasian states, by analysing the current “Eurasia Initiative,” “Three Mega Projects,” and other strategies such as cooperation with the Eurasian Economic Union, seeking cooperation with the Northern Sea Route, and creating the Zone of Advanced Socioeconomic Development (ZASD). The chapter concludes by presenting possible solutions to bring these plans into fruition.

Keywords

Korean Peninsula Korean Government International Economic Order Arctic Council Asian Infrastructure Investment Bank 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© The Author(s) 2017

Authors and Affiliations

  • Jae-Young Lee
    • 1
  1. 1.Department of Europe, Americas and EurasiaKorea Institute for International Economic Policy (KIEP)SejongRepublic of Korea

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